Digital asset investment products continue to record positive signals, with inflows reaching a total of 646 million USD in the past week. Year-end cash inflows reached a record high of $13.8 billion, far exceeding the previous level of $10.6 billion in 2021.
Bitcoin remains the main focus, attracting inflows totaling $663 million. However, short-term investment products in Bitcoin have experienced outflows for three consecutive weeks, totaling $9.5 million, indicating some pessimism among investors.
Meanwhile, Ethereum has recorded outflows for four consecutive weeks, amounting to $22.5 million. This contrasts with most other cryptocurrencies, which continue to receive inflows. Notable are Litecoin, Solana and Filecoin, with 4.4 million USD, 4 million USD and 1.4 million USD respectively.
Despite the overall positive sentiment, there are signs of a cooling in demand from ETF investors, with weekly inflows falling short of the highs seen in early March. Additionally, total trading volume fell to $17.4 billion last week, compared to $43 billion in the first week of March.
Some differences in local sentiment, with the US recording another $648 million in inflows. Brazil, Hong Kong and Germany also recorded inflows of $10 million, $9 million and $9.6 million, respectively. However, Switzerland and Canada recorded outflows of $27 million and $7.3 million, respectively.
Some differences in local sentiment, with the US recording another $648 million in inflows. Brazil, Hong Kong and Germany also recorded inflows of $10 million, $9 million and $9.6 million, respectively. However, Switzerland and Canada recorded outflows of $27 million and $7.3 million, respectively.
Overall, although inflows into digital asset investment products remain strong, there are signs of cooling in demand from ETF investors, along with fluctuating local sentiment and the shift in allocation between different cryptocurrencies.
